Green hydrogen electrolyzer provider closes $45 million Series B – pv magazine USA

Ohmium International secured funding that is expected to quadruple the manufacturing output of its modular PEM electrolyzers. April 14, 2022 Ryan KennedyIn an investment round led by existing investor Fenice Investment Group, green hydrogen electrolyzer provider Ohmium International has secured a $45 million Series B funding round. Existing investors were joined by new investor Energy Transition Ventures. The funds are expected to increase Ohmium’s manufacturing capabilities four-fold from 500MW annually to 2GW by the end of the year. The company said its interlocking, modular proton exchange membrane (PEM) electrolyzers feature a safer, standardized, flexible, and easy to install and maintain alternative to customized electrolyzers. When charged by renewable energy sources, hydrogen is a prospective zero-carbon solution for a wide variety of applications, including iron and…

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